Each year, organizations around the world go through the ritual of performance appraisal. Many see it as the company’s main event, in terms of performance management – the time at which most, if not all, feedback and guidance to employees is given. Progress is evaluated.Rewards are distributed. Goals are set. Then that is it, until next year. Managers often open the process with a mixture of resignation, dread and the question, Why are we doing this again?